Further to the announcement on 8 August 2019 regarding a security breach at the Company’s Youga Gold Mine in Burkina Faso (the “Youga Mine”), Avesoro Resources has conducted an updated risk assessment of the situation and has taken the decision to suspend all processing and mining operations at the Mine for the present time.

Serhan Umurhan, the Company CEO, is currently travelling to Youga with the General Manager of the Mine to assess the situation and determine when operations can re-commence. In the meantime, as a precaution, all Company staff at Youga have been relocated to Ouagadougou. Government security forces will remain on site to protect the Company’s assets.

The Company will provide a further update in due course.

-Ends-

Contact Information

Avesoro Resources Inc.

Geoff Eyre / Nick Smith

Tel: +44(0) 20 3405 9160

Camarco

(IR / Financial PR)

Gordon Poole / Nick Hennis

Tel: +44(0) 20 3757 4980

finnCap

(Nominated Adviser and Joint Broker)

Christopher Raggett / Scott Mathieson / Camille Gochez

Tel: +44(0) 20 7220 0500

Berenberg

(Joint Broker)

Matthew Armitt / Detlir Elezi

Tel: +44(0) 20 3207 7800

Hannam & Partners

(Joint Broker)

Rupert Fane / Ernest Bell

Tel: +44(0) 20 7907 8500

About Avesoro Resources Inc.

Avesoro Resources is a West Africa focused gold producer and development company that operates two gold mines across West Africa and is listed on the Toronto Stock Exchange (“TSX”) and the AIM market operated by the London Stock Exchange (“AIM”). The Company’s assets include the New Liberty Gold Mine in Liberia (“New Liberty”) and the Youga Gold Mine in Burkina Faso (“Youga”).